- Refer to Micro Mechanics's earnings announcement dated 28 Oct 2022:
1QFY23 revenue saw slowing growth, below expectations.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- In 1QFY23, the Singapore and Philippine markets saw positive revenue growth q-o-q at +4% and +31%, respectively, although both markets made smaller revenue contributions, aggregating at 21%, versus China/US contributing 27%/24% to revenue, respectively.
- Overall, 1QFY23 saw moderating growth of -8% q-o-q and -1% y-o-y, highlighting slowing conditions in the global semiconductor industry. Although, 1QFY23 capacity utilisation rates remained stable and healthy at 61% (4QFY22: 60%, 1QFY22: 61%).
Margins continue to see pressure, the worst is potentially not over.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Singapore Research Team DBS Group Research | Lee Keng LING DBS Research | https://www.dbs.com/insightsdirect/ 2022-10-31
Read also DBS's most recent report:
2023-05-02 Micro-Mechanics - Further Broad-Based Slowdown Ahead.
Previous report by DBS:
2023-01-31 Micro-Mechanics - Further Downside Amid Industry Slowdown.
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Listing of research reports at Micro Mechanics Analyst Reports.
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Micro Mechanics Share Price History,
Micro Mechanics Announcements,
Micro Mechanics Dividends & Corporate Actions,
Micro Mechanics News Articles